We are now within a tiny downtrend channel on the XIU ETF.(See First Chart ​Below - Top Panel - Downtrend Channel) but most importantly still above the ​200 DMA (Day Moving Average) (See First Chart Below - Top Panel - Green Line)​​​​We observed also that the Price Volume Trend of the SP TSX60 Composite ​Index ​(XIU ETF) failed to break the Resistance ​Trendline. ​(See First Chart Below - Bottom Panel - Thick Red Trendline - Ellipse)
​​But the most interesting technical factor is that we tested for a third time the Monthly Resistance of a previous Major Breakdown Trendline (that started back since March 2009) for the ​SP TSX60 Composite ​Index but failed to break it yet. It could become a significant change for the Canadian Stock Market indeed if broken. ​​​(See Second Chart Below - Thick Red Trendline- Ellipse)​.